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Equity Bank FY2012 Results
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mwekez@ji
#11 Posted : Thursday, February 28, 2013 9:33:32 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
*applause* During the year, Equity Bank opened 22 new branches, set up operations in Rwanda and invested in its information technology infrastructure. The costs for these initiatives drove operating costs in FY12. Despite this, the bank was able to record an improvement in cost to income ratio from 50.1% to 48.8%
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youcan'tstopusnow
#12 Posted : Thursday, February 28, 2013 9:59:43 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
*applause* During the year, Equity Bank opened 22 new branches, set up operations in Rwanda and invested in its information technology infrastructure. The costs for these initiatives drove operating costs in FY12. Despite this, the bank was able to record an improvement in cost to income ratio from 50.1% to 48.8%

Applause

- The number of Equity Group agents stood at 6,344 in the year ending 2012. Transactions by agents grew by 96 percent between 2011 and 2012. Agents’ transactions accounted for 30 percent of total bank transactions.

- The bank today has one of the best systems in the industry. Its core banking system has the capacity of handling 35 million accounts and currently has over 7.8 million accounts.

- Lending to Small and Medium Sized enterprises (SME) increased by 45 percent to Ksh 63.69 billion during the year. Last year, Equity Bank announced plans to increase lending to this fast growing sector. The SME sector today accounts for about 45.5 percent of the bank’s loan book.

http://www.equitybank.co...s-profits-by-36-percent
GOD BLESS YOUR LIFE
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mwekez@ji
#13 Posted : Thursday, February 28, 2013 11:58:10 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Noted, Equity Bank Loan loss provision declined 1.3% y/y on higher lending to SMEs: The Banks loan loss provision fell as a result of decreased lending to the micro sector (NPL ratio of 8.4%) and increased lending to Small and Medium sized enterprises (NPL ratio of 1.8%). Overall NPL ratio stood at 3.2%. The bank believes that it could continue to see an improvement in NPLs as it grows its SME loan book (currently 45.5% of the total loan book)
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hisah
#14 Posted : Friday, March 01, 2013 9:03:06 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html

Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ChessMaster
#15 Posted : Friday, March 01, 2013 9:29:22 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
hisah wrote:
Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html

Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators.


I think the financial sector is due for another drastic shift.
Uncertainty is certain.Let go
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Cde Monomotapa
#16 Posted : Friday, March 01, 2013 9:39:23 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
ChessMaster wrote:
hisah wrote:
Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html

Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators.


I think the financial sector is due for another drastic shift.

...and that expected demand push informs such a tie-up well: KCB targets loan book growth from M-Pesa agents deal http://www.businessdaily...6/-/12acvhz/-/index.html
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ChessMaster
#17 Posted : Friday, March 01, 2013 9:42:11 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Cde Monomotapa wrote:
ChessMaster wrote:
[quote=hisah]Sobering mobile money report for the banks that really on the small saver - http://www.businessdaily.../-/3nw8mjz/-/index.html

Potential threat for banks that target the same clients who now prefer saving on the mobile money accounts. Such bankers had better partner with mobile money operators.


I think the financial sector is due for another drastic shift.

...and that expected demand push informs such a tie-up well: KCB targets loan book growth from M-Pesa agents deal http://www.businessdaily.../-/12acvhz/-/index.html[/quote]

That's good.pumping money into a well needed service.

And NFC is the next technology in line.
http://www.businessdailyafrica.com/Why-Kenyans-fear-using-plastic-money-to-shop/-/1248928/1707348/-/item/0/-/w5p5qxz/-/index.html
Uncertainty is certain.Let go
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  | | Edit by user: Friday, March 01, 2013 9:47 AM | Reason: Not specified
BGL
#18 Posted : Friday, April 12, 2013 11:54:00 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
This is it, this is the big thing!
Equity has paid dividends immediately after the AGM and 2weeks ahead of the stated date.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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sparkly
#19 Posted : Sunday, April 14, 2013 4:35:29 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
BGL wrote:
This is it, this is the big thing!
Equity has paid dividends immediately after the AGM and 2weeks ahead of the stated date.


Equity is a great success story. I will invest in it in my next entry cycle.
Life is short. Live passionately.
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